The Definition of Medical Underwriter in the Insurance Industry
The process of understanding and then quantifying the risk associated with the health insurance is done by a medical underwriter in the Insurance industry. The underwriter determines the risks related faced by the insurance company by analyzing several factors like gender, age, lifestyle, etc. If the medical underwriting is not done with precision, the insurance companies may have to face severe losses.
Win Infosoft is a renowned provider of medical underwriting service and we cater to varied medical and life insurance companies that are seeking an objective rating methodology offered by a third-party for underwriting the health and life insurance policies.
We have developed a state-of-the-art underwriting or claims system that evaluates the submitted information by making use of conventional medical questionnaires for individuals who are applying for medical, disability or life insurance policies.
The applications are automatically assigned a point total that is predicted upon the potential claim exposure of any applicant. Several areas are extremely cross-referenced that includes the prior or current medical conditions, lifestyles, family history, medications, occupational exposures, etc.
Research has unveiled the fact that scientific cross-referencing of related conditions produces a better assessment of the potential exposure as compared to the evaluation done on an individual or a condition by condition basis. The final point total helps in determining whether the applicant is insurable or not. It also helps in deciding whether the applicant should be surcharged or have a few exposures excluded at the time of issuance of the policy.
The team of Win Infosoft is deft at customizing an outsourced underwriting solution to meet the needs of the clients. Medical Underwriting is our key service and we are experts on different kinds of underwriting processes. All the risk-assessment underwriting experts working for us will leave no question unanswered and will never leave a box unchecked.
Our expertise lies in anticipating and avoiding costly delays that are often results of incomplete or missing information. We also bring our underwriting insight and perspective to each of the clients we serve and support.